Homes4Income

Making Income Through Rental Property

  • Email
  • Facebook
  • LinkedIn
  • Phone
  • Twitter
  • YouTube
  • Home
  • Investor Profile
    • Pre-Approval Form
  • Articles
    • Cap Rate
    • Cash Flow
    • Finance
    • Financial Planning
    • Florida Real Estate Investing
    • IRA & Nonrecourse Loans
    • Passive Income
    • Property Investors
    • Property Management
    • Purchasing Investment Property
    • Real Estate Investing
    • Rehabbing Investment Properties
    • Rental Income
    • Retirement
    • Section 8
    • Tampa Real Estate Investing
    • Tampa Rental Income
    • Taxes
    • Turnkey Real Estate Investing
  • Videos
  • Properties
    • Off Market Deals
  • Graystone Financing
  • Testimonials
  • About
    • Investing in Rental Property
    • Graystone Investment Locations
    • Contact
Home / Articles / House Flipping / Tampa Bay Remains a Prime Location for House Flippers

Tampa Bay Remains a Prime Location for House Flippers

October 10, 2018 By Jorge Vazquez

House Flipping - Buy, Fix, SellHouse flipping is a common method of real estate investing across the U.S. The investor purchases and rehabs a house, then sells it at a profit. In 2018, Tampa Bay has again been ranked one of the top cities in the U.S. for flipping houses.

House Flipping in the U.S.

Currently throughout the U.S., the housing market remains healthy. According to Zillow, “the median home value in the United States is $216,700. United States home values have gone up 6.5% over the past year and Zillow predicts they will rise 6.4% within the next year.”

House flippers buying and selling homes account for around 5.7% of all home sales in the U.S., which is a high point after the 2008 market crash. However, as flipping becomes more popular for investors, homes to flip are more difficult to find and the market is narrowing in many areas of the country, according to the Tampa Bay Times.

Flipping Homes in Tampa Bay

The housing market in Tampa Bay is a buyer’s market, according to Zillow. “The median home value in Tampa is $211,600. Tampa home values have gone up 9.8% over the past year and Zillow predicts they will rise 6.5% within the next year. The median list price per square foot in Tampa is $187, which is higher than the Tampa-St. Petersburg-Clearwater Metro average of $141. The median price of homes currently listed in Tampa is $309,150 while the median price of homes that sold is $210,000. The median rent price in Tampa is $1,535, which is higher than the Tampa-St. Petersburg-Clearwater Metro median of $1,500.”

As the U.S. housing market tightens, Tampa Bay becomes increasingly attractive to house flippers. This is due to the high demand for homes, and the steadily increasing market value of homes throughout Metro Tampa Bay.

Tampa is growing and developing rapidly, as more people move to the city because of business and employment opportunities, in addition to the quality of life. Therefore, Tampa Bay communities were named as the best cities to live in 2018.

Out of the 122 zip codes in Tampa Bay, 74 of them gave gross returns of more than 50% for home flippers in 2017, with the top area being Dade City at 126.2% average returns for flippers, according to the Tampa Bay Times. The larger returns are said to be related to the low purchase price, compared to the average home in Tampa.

Tampa Ranked Top City for Flipping Houses

Tampa ranks as the top Florida city, and among top 10 in the U.S., for flipping houses, according to the Tampa Bay Business Journal. Although the housing market is tightening, resulting in fewer homes available for flipping, Tampa remains an attractive place for house flipping, due in part to low remodeling and renovation costs.

Related: #1 Way to Save Money When Rehabbing Investment Properties – Use an Artist

For experienced flippers with the expertise to find and purchase properties at the right price, Tampa is set to be an outstanding market for flipping into the foreseeable future. As the city continues to grow, expand, and reinvent itself, more people are flocking into the area and want to buy a home. As a result, the market for flipped homes is large.

Graystone Investment Group

Graystone Investment Group is an experienced real estate wholesaler in Tampa Bay.

Unlike other wholesaling groups, we provide clients with a turnkey process at no extra charge. We find properties that we resell to investors at discount prices, while also connecting them with private financing. We also coordinate with rehab and management companies we’ve worked with for years.

To learn more about profitable real estate investments in the Tampa Bay area, fill out our Investor Profile or contact us direct.

headshot of Jorge VazquezLearn More About Real Estate Investing

The Graystone Newsletter will keep you informed with important information relating to real estate investing. The newsletter includes information we share with our clients about the best places to invest in real estate, the latest trends, and the information you need to know to succeed investing in real estate.

Real estate investors, wholesalers, flippers, real estate agents, and everyone connected to the real estate industry will benefit from the wealth of information we share very month.

For more information about how we process your data, please click here to read our Privacy Policy.

Disclaimer:
HOMES4INCOME.COM IS A WEBSITE OF GRAYSTONE INVESTMENT GROUP LLC. YOU ARE HEREBY NOTIFIED THAT NEITHER GRAYSTONE INVESTMENT GROUP LLC, NOR ANY OF ITS EMPLOYEES OR SUBSIDIARIES, REPRESENT YOU IN ANY CAPACITY. YOU SHOULD NOT ASSUME THAT GRAYSTONE INVESTMENT GROUP LLC OR ANY OF ITS EMPLOYEES OR SUBSIDIARIES IS A REAL ESTATE BROKERAGE. WE ARE A WHOLESALER, AND ALWAYS ACT AS A SELLER OR ASSIGNOR ON EVERY TRANSACTION.

Get Started Now!

By clicking this button, you consent to receive emails, calls, and text messages about our products and services at the email address and phone number you provided. You agree that such calls may be made using an automatic telephone dialing system, they may be considered telemarketing or advertising under applicable law, and that you are not required to provide your consent to these calls to make a purchase from us. For more information about how we process your data, please click here to read our Privacy Policy.

Recent Articles

  • Tampa Ranked #1 Market for First-Time Homebuyers
  • Long-Term Impact of Rising Interest Rates on the Real Estate Market
  • It was amazing! I couldn’t be happier! Levi Cortez, Investor in Mexico
  • Real Estate Disaster Turned Into Rehab Success in Tampa, Florida
  • Tampa Bay Remains a Prime Location for House Flippers
Graystone Investment Group
3001 N Rocky Point Dr E,
Suite 200

Tampa, FL 33607 USA
phone Graystone Investment GroupCall (813) 449-4323
Text Graystone Investment GroupSend Text to (813) 240-6708
WhatsApp Graystone Investment GroupWhatsApp (813) 240-6708
Subsidiary Brands:
Graystone Acquisitions
Graystone Developments
Graystone Real Estate
Homes4Income.com
Rental4Income.com
RealEstate4Investing.com
  • Home
  • Investor Profile
  • Articles
  • Videos
  • Wholesale Properties
  • Recent Properties
  • Testimonials
  • Contact
  • Accessibility Statement
  • Terms of Service
  • Graystone Privacy Policy

Recent Posts

  • Tampa Ranked #1 Market for First-Time Homebuyers
  • Long-Term Impact of Rising Interest Rates on the Real Estate Market
  • It was amazing! I couldn’t be happier! Levi Cortez, Investor in Mexico
  • Real Estate Disaster Turned Into Rehab Success in Tampa, Florida
  • Tampa Bay Remains a Prime Location for House Flippers
Investor Profile | Private Lender Profile
Client Evaluation | Rewards Program | Glossary | Pre-Approval Form | Legal Notice
© 2021 GRAYSTONE INVESTMENT GROUP, ALL RIGHTS RESERVED. THE HOMES4INCOME LOGO AND BRAND IS THE PROPERTY OF GRAYSTONE INVESTMENT GROUP LLC
DISCLAIMER: HOMES4INCOME.COM IS A WEBSITE OF GRAYSTONE INVESTMENT GROUP LLC. YOU ARE HEREBY NOTIFIED THAT NEITHER GRAYSTONE INVESTMENT GROUP LLC, NOR ANY OF ITS EMPLOYEES OR SUBSIDIARIES, REPRESENT YOU IN ANY CAPACITY. YOU SHOULD NOT ASSUME THAT GRAYSTONE INVESTMENT GROUP LLC OR ANY OF ITS EMPLOYEES OR SUBSIDIARIES IS A REAL ESTATE BROKERAGE. WE ARE A WHOLESALER, AND ALWAYS ACT AS A SELLER OR ASSIGNOR ON EVERY TRANSACTION.
Internet Marketing by Image Building Media.
Cookies help us provide, protect and improve our products and services. By using our website, you agree to our use of cookies (Privacy Policy).Ok